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Davidson called for City Attorney introduction. <br /> <br />Sam Light, City Attorney, read by title only, Ordinance No. 1294, Series 1999 - An <br />Ordinance Amending Title 17 Of The Louisville Municipal Code To Set A Maximum <br />Floor Area Ratio Within "Downtown Louisville" As Defined Herein. <br /> <br />Davidson called for staff introduction. <br /> <br />Paul Wood, Planning Director, stated that Ordinance 1294, Series 1999, if authorized, <br />would establish a maximum floor area ratio requirement for the area generally described <br />as 'Downtown Louisville'. The second reading/public heating was continued from the <br />March 16 City Council meeting to allow the Planning Commission to review the <br />ordinance and make a recommendation to the City Council. The Planning Commission <br />held a public hearing on the ordinance on March 18. The Commission's motion to <br />approve a resolution in favor of the ordinance failed by a vote of 2-3. <br /> <br />Ordinance 1294 proposes to establish a maximum floor area requirement for Downtown <br />Louisville. The proposed maximum floor area ratio (FAR) has been 0.52, which has been <br />based in large part on the results of the downtown traffic study. Based on the traffic <br />study, the Framework Plan establishes a maximum recommended total build out area of <br />354,000 square feet for the portion of the Downtown District west of the railroad tracks. <br />This recommendation reflects the limited capacity of the downtown road network, which <br />has been foreseen as one of the limiting factors for the ultimate build out of downtown. <br />The FAR limitation also relates to the potentially limited ability to provide significant <br />additional parking areas, which will be needed as downtown building area increases. <br /> <br />The draft of the ordinance introduced at first reading proposed that a maximum FAR of <br />0.52 be established for the Downtown Louisville area defined as the property zoned CC <br />on both the east and west sides of the RR tracks and the CB property along County Road <br />on the west side of the tracks. The FAR was to be applied as a maximum on an individual <br />lot basis. Based on City Council comments at subsequent meetings, a draft proposing <br />some second reading amendments has also been prepared. Those second reading <br />amendments would make the FAR requirement a pool of available square footage rather <br />than a lot-by-lot maximum FAR. The draft with proposed second reading amendments <br />also modifies the area of applicability to be that on the west side of the RR tracks only, <br />eliminating the CC zoned property that extends over to Highway 42 on both the north and <br />south sides of Pine Street. <br /> <br />The Planning Commission reviewed both proposed drafts at their March 18 meeting. The <br />first reading draft was referenced as Version 1 and the proposed second reading amended <br />draft was referred to as Version 2. The final action of the Commission failed to forward a <br />recommendation of approval on either version. In a general sense, the Commission had <br />mixed opinions on whether the proposed maximum building area might be too low. <br />Several commissioners felt that the proposed figure was low enough that it would likely <br />remove the economic feasibility of redevelopment projects downtown, particularly given <br /> <br />20 <br /> <br /> <br />